Mga Pahina

Biyernes, Hunyo 21, 2013

Used Car Loan Financing

In the Philippines, many Pinoys are looking for used car loan financing. The advantage here is that you don't need to shell out big amount of cash if you want to buy second hand car. In Cebu for example, a previous car loan borrower asked me about how he could qualify to have a used car financed by the lending company whom I work for as a freelance loan consultant. I gave him all necessary list of documentary requirements and estimate loan interest rate via calculator as well as how much monthly amortization he needs to pay for a specific car model he intends to buy.

After the conversation, he prepared the documents and his initial down payment cash to the car dealer and presto!

Initial Requirements
  1. Borrower must have a regular source of income either a business, an apartment, condo or house for rent (must submit contract of lease)
  2. Borrower must also provide a co-maker with a regular source of income via presenting documents such as business permit if have a business, an employment certificate and 3 months latest pay slip as proof of income and 2 valid IDs.
Apart from these basic pre-qualifying important requirements, other documents are needed in order for the car loan financing application to be approved. But nonetheless, very easy to produce requirements will have to be submitted along with a completely filled up application form.

If you are one of those who are interested to apply for our second hand car financing because you want to buy a used car and you don't have enough money to shell out for the full payment of the car, then this type of car collateral loan is just perfect for you.


For particulars, questions and inquiry, please visit my Contact Me page.

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